Report: IBM Selling PC Business

IBM has put its consumer PC unit up on the auction block, refocusing its efforts on the more profitable corporate server and computer service markets, according to a report in the The New York Times. The sale would likely include all of Big Blue's desktop workstations and ThinkPad portables, for an estimated price range of $1 billion to $2 billion. Sources tell the Times that Chinese computer maker Lenovo -- formerly Legend -- is the current top bidder for the business unit that represents 12 percent of IBM's $92 billion annual revenue.